Title: The value and importance of intrinsic motivation over extrinsic motivation in companies

Authors: Rizwan Jaffar; C.L. Kappagomtula

Addresses: Eastern Public School, Flat F-1, Gandhinagar, Bhopal, Madhya Pradesh 462033, India ' Operations Management, Global Nxt University, Manipal Towers, 14, Old Airport Road, Bengaluru – 560008, Karnataka State, India

Abstract: Motivation is the interest and desire for an individual to perform a task. For any company to succeed, the prime driving force is its employees. The concept of motivation has become more important and valued than ever before with the modern economy and heavy competition between companies leading to exhausting employees very often. Every company has extrinsic motivation in the form of financial rewards, bonuses and other fringe benefits for an employer to keep an employee motivated, but the authors in this paper argue with empirical backing that intrinsic motivation is more valuable for employees in the organisation though the presence of extrinsic motivation is not ruled out completely.

Keywords: intrinsic motivation; extrinsic motivation; employees; employee motivation; financial rewards; bonuses; fringe benefits.

DOI: 10.1504/IJBHR.2015.077651

International Journal of Behavioural and Healthcare Research, 2015 Vol.5 No.3/4, pp.172 - 183

Received: 09 Sep 2014
Accepted: 21 Jul 2015
Published online: 12 Jul 2016 *

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